Bitcoin‘s (BTC) rally past $103,000 is drawing renewed attention from investors, and veteran trends forecaster Gerald Celente is doubling down on his long-standing bullish position.
In a recent YouTube broadcast, Celente, the founder of The Trends Journal, emphasized that the surge is being fueled not just by technical momentum, but also by deepening political alignment.
“Everyone knows that we’ve been bullish on Bitcoin because the Trump team is all in the Bitcoin cryptocurrency field,” he said. “The prices are going to go up. All they’re interested in doing is making money.”
Bitcoin is currently trading at $103,513, up 23% in the last month and more than 50% over the past year. The breakout past the six-figure threshold is not just a psychological milestone, it also signals broader macro conviction in Bitcoin’s role as a store of value, especially as global markets reassess risk and policy direction.
Earlier this year, Celente pointed to the role of campaign financing in shaping Bitcoin’s trajectory. “The Trump gang… gave him a lot of crypto. The crypto people gave him a lot of dough,” he stated in a prior episode of his show, suggesting that institutional players may be leveraging political alliances to create favorable regulatory headwinds.
Celente weighs in on Gold
Alongside Bitcoin, Celente remains optimistic about gold’s performance.
“Gold is up some 46 bucks as we go—$3,222 an ounce, down from its $3,500 high but still flying nice,” he said. “So we see it’s still going strong.”
His thesis remains rooted in historical patterns: in periods of geopolitical uncertainty, de-dollarization, and distrust in centralized institutions, capital often rotates into hard and alternative assets.
However, Celente’s optimism doesn’t extend across all markets. He continues to sound the alarm on the speculative frenzy surrounding AI equities, particularly those like Nvidia (NASDAQ: NVDA), which have been driving the narrative around artificial intelligence’s market potential.
“Nvidia stock is going back up because of the deal they just did over the Middle East with the Trump team,” Celente noted. “But we still say there’s going to be a dot-com bust, and China is going to lead the world in the AI development.”
He has warned for some time now that the AI rally echoes the late-1990s dot-com bubble, marked by hype-driven valuations with insufficient fundamental grounding. While short-term catalysts like geopolitical partnerships and regional investment deals may buoy specific names, suggesting that the broader AI sector remains vulnerable to a sharp correction, especially as global competition intensifies.
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